Cameroon expects FCFA 6,345.1 billion budget in 2023, up 4.4% (official)

(Business in Cameroon) – According to the 2023 Finance Law of the State of Cameroon, of which Invest in Cameroon was able to obtain a copy, and which the parliamentarians are preparing to examine, the government proposes a balanced budget allocation in revenue and jobs equal to FCFA 6,345.1 billion. This endowment is up by … Read more

Key Rate Increase: Fitch Ratings expects a limited impact on banks in the short term

In a recent analysis note, the American rating agency Fitch Ratings predicts on banks a weak positive impact of the tightening of Bank Al-Maghrib’s monetary policy, due in particular to the delay in transferring the increase in the guide rate on interest rates. . Although Bank Al-Maghrib raised its benchmark rate to 2% on September … Read more

Lack of funding, main obstacle to the development of blockchain start-ups in Africa (Report)

(Agence Ecofin) – 51% of blockchain-focused start-ups are still in the conception phase and 39.7% are in the growth phase. Only 1% of these entities are firmly established and profitable. Difficulties in accessing finance outweigh the challenges faced by blockchain start-ups in Africa, according to a report published on October 5 by the specialized think … Read more

Nigerian Dare Odumade fights counterfeit food and medicines with blockchain

Since university he was already trying his hand at the technological field. To his credit, three start-ups founded during his professional career. Experiences full of lessons for the young person who continues his technological adventure. Dare Odumade (pictured) is a Nigerian tech entrepreneur and innovator. Holder of a degree in geology from Ibadan University in … Read more

Will Madison Metals Sell NFTs To Fund Its Uranium Projects, An Example To Follow?

(Ecofin Agency) – The financing of mining projects is one of the explanations usually used to justify the scarce presence of local actors in the African mining sector. While accessing the world’s major equity markets can be difficult, the use of new technologies is within everyone’s reach. Canadian Madison Metals announced the appointment of Ryan … Read more

The first NFT exhibition of African art in France will take place in October 2022

(NEUVIEMETOIT) – Neuvième Toit, a collective of French-speaking creators, and AKAA, a contemporary art fair in Paris dedicated to the artistic scenes of Africa and its diasporas, will exhibit African works of art for the first time in France in the ” NFT ”(non-fungible token). This project is part of the AKAA 2022 artistic program, … Read more

Afreximbank and government host the African creative industries fair from 25 to 27 November

(Ecofin Agency) – According to the OECD, creative industries generate 2.25 trillion dollars and 3% of world GDP per year. The sector employs 30 million people. However, 93% of these revenues are generated in Asia, Europe and North America. Africa and the Middle East generate only $ 58 billion according to UNESCO. In Côte d’Ivoire, … Read more

Banking Supervision Annual Report: The sector stagnated in 2021

Kiosk360. In the 18th edition of its annual report on banking supervision for the year 2021, Bank Al-Maghrib takes stock of its activities in this sector. Despite the health crisis, the sector has shown resilience. This article is a press review from Les Inspirations Eco newspaper. During the second year of the pandemic, the progress … Read more